ORDINANCE NO. _____, SERIES 2020
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AN ORDINANCE APPROVING THE THIRTIETH SUPPLEMENTAL SEWER AND DRAINAGE SYSTEM REVENUE BOND RESOLUTION ADOPTED BY THE BOARD OF THE LOUISVILLE AND JEFFERSON COUNTY METROPOLITAN SEWER DISTRICT AUTHORIZING THE ISSUANCE OF THE DISTRICT'S SEWER AND DRAINAGE SYSTEM REVENUE BONDS, SERIES 2020B.
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SPONSORED BY: COUNCIL MEMBER BRANDON COAN
WHEREAS, pursuant to Chapter 76 of the Kentucky Revised Statutes (the "Act"), the Louisville and Jefferson County Metropolitan Sewer District (the "District") has been created and organized as a public body corporate and political subdivision of the Commonwealth of Kentucky, having jurisdiction, control, possession, and supervision of the sewer and drainage system in Louisville and Jefferson County (the "System") and has the power and authority to maintain, operate, reconstruct, and improve the System, to make additions, betterments, and improvements to the System, and to issue its negotiable interest-bearing notes and bonds for any of its corporate purposes; and
WHEREAS, the District has determined that it is necessary and desirable to issue under its General Bond Resolution the District's Sewer and Drainage System Revenue Bonds, Series 2020B (the "Series 2020B Bonds") for the purpose of financing all or a portion of the costs of the design and construction of a new biosolids processing solution at the Morris Forman Water Quality Treatment Center, located in Louisville, Kentucky, with an average design capacity of approximately 120 million gallons per day, a peak wet weather capacity of approximately 350 million gallons per day, and an anticipated maximum month solids loading of approximately 150 dry tons per day (the "2020B Project''); and
WHEREAS, on July 27, 2020, the Board of the District adopted its Thirtieth Supplemental Bond Resolution (the "Resolution"), supplementing the District's General Bond Resolution, to provide for the issuance and advertised public competitive sa...
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